advice needed on buying second property, page-7

  1. 18 Posts.
    Yeah, the issue is that we already paid LMI on the first one.

    Lets say both places cost 300,000 - we already paid LMI on the first 300,000 loan.

    Now we are borrowing another 300,000, so they want us to pay a fresh new LMI on 600,000.

    Doesn't make sense to me?
 
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